TO judge by the Central Bank’s latest consumer protection bulletin, Irish consumers are a very forgiving lot. Despite the scandals that have afflicted the banking sector, we all still tend to stay with the first bank we signed up with. However bad the marriage, we’re determined to stick it out.
The Central Bank has been urged to improve and simplify its switching code of practice on the back of new figures showing the number of people changing their current account to another bank hit a five-year low last year.
More than one million gas and electricity consumers will have to pay more for their energy from Monday. Electric Ireland, the country's largest supplier of electricity, is to raise prices by 4% while its smaller competitor, PrePayPower, will be charging customers an extra 3.9%.